Category Archives: TRON News

Global Tron, an English-language Community News Website under the Tron and VenaPi.

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TRON is one of the largest blockchain-based operating systems in the world.

Since the TRON Foundation was founded, it has upheld its original faith of decentralizing the internet, working hard to change the world with technology.

With a degree from Hupan University under his belt, Sun’s main focus will be on expanding TRON’s global business. With offices already set up in San Francisco, Singapore, and Beijing, Sun will continue establishing new offices around the world, push for technical development, build a robust foundation for TRON’s global community, and help TRON form high-quality partnerships.

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Countries are intrigued by the huge opportunities emerging in the cryptocurrency market. What is more, the hope is that “cryptocurrencies” will revive the country’s economy.

As we know, so far the countries that have strongly supported “cryptocurrencies” are: east Asia for Japan and South Korea, southeast Asia for Singapore, Europe for Malta and Greece, South America for venezuela and so on. But some countries are in order to grow and develop, but some are desperate, unable to save the market. So can the state save the market by “parallel cryptocurrency”? Today, we will be a brief analysis.

Take the Greek debt crisis, for example. Greek Banks reported that they were working on an emergency plan for depositors to deal with creditors, and that they would have to come up with relative emergency measures to save the market if Greece were to gradually collapse. So Greece’s eyes turn to “parallel cryptocurrencies.” will Greece choose parallel cryptocurrencies?

Greece, in addition to being famous for the acropolis, is also internationally renowned for its debt problems. The root cause of the Greek debt crisis is that the competitiveness of the Greek economy is relatively weak, the level of economic development is relatively low among eurozone countries, and the economy is mainly supported by tourism. After the outbreak of the financial crisis, the number of tourists around the world has been greatly reduced, which has caused a great impact on Greece. At the same time, Greece exports less and imports more, and has a long-term trade deficit within the euro zone, leading to capital outflow, so it borrows to live.

legal or virtual currency

Forced to find a way out, Greece has no choice. The mayor of Agistri, Greece, has embarked on a bold “blockchain test”. The point is: a blockchain-based digital currency is the best option for tourists in Greece.

Events similarly – at the beginning of 2013, a small European country Cypriot government in order to get external rescue party benefits, such as the European Union, launched a severe deposits tax, capital controls, imposing a tax on bank depositors, tax rate is as high as 20%, the people of the backlash, in order to prevent property shrinkage, can the COINS as a store of value investment products, to buy the currency, then the currency prices from the original a few CNY, a once rose to 8000 CNY.

Instead, it seems, the external debt crisis has catalyzed the development of cryptocurrencies. But countries do not give up their legal tender for “virtual currency”. But what happens if they do both?

Let’s imagine that countries launch their own cryptocurrencies and start converting fiat currencies into cryptocurrencies, thus advancing their centrally managed programs to save the central bank from losing its edge on currency manipulation. Sounds like it’s still working.

venezuela petrocurrency

But Greece lacks the resources to issue a legal cryptocurrency linked to oil or gold.

Instead, venezuela has done the same: it has announced the pre-sale of petrodollars, the world’s first legal digital currency.

By issuing digital currency, venezuela intends to solve the problem of legal currency inflation in the country, so as to save the danger of economic collapse and break through the economic sanctions imposed by the United States and the European Union.

But the situation is difficult to break through and reverse. After all, because of venezuela’s past “credit problems”. Petrocurrency is not only difficult to attract international buyers. But even venezuelans do not buy petrocurrency in large quantities. At the same time, the authorities have not perfected the details and rules of digital asset management. And the oil price remains low and output keeps falling. Making it difficult for “petrocurrency” to become a real currency.

It can be seen that all as capital economics analyst said. “virtual currency can not solve the fundamental problem of fiat currency inflation.” At present, there is no successful case that the cryptocurrency can successfully save the market. But it is more effective in theory, and more exploration and innovation are needed in reality.

Recently, the Japanese media COIN OTAKU published an article. TRON announced that the DApps platform would abide by Japanese laws. The article mentioned: the TRON foundation announced on March 31 that it would comply with Japanese laws in its DApps dissemination activities in Japan. One of the reasons this event was reported by Japanese media is that TRON. As the DApps platform of crypto assets, is the first case in Japan to show compliance with Japanese laws.

COIN OTAKU is one of the largest cryptocurrency and blockchain media under the leadership of kenji ITO. A well-known figure in the local currency circle in Japan, as the editor-in-chief, providing Japanese investors with high-quality and important blockchain news.

For the TRON ecology, the trc20-based USDT comes online, which is a big deal! TRC20 version of USDT was released by Tron in cooperation with Tether, for which Tron launched an early user incentive program worth 100 million RMB.

From May 7 to August 14, solstice, TRON will join hands with the world’s top digital asset exchange, huobi, OKEx, etc., to provide free USDT payment in the form of TRC20 version of USDT token interest rate reward, encouraging users to convert usdt-omni to trc20-based USDT.

The incentive scheme, which runs until August 14. He will give bitcoin holders a daily return on the interest they earn from the airdrops. With up to a 20 per cent annualized reward. In response to this award. Many netizens expressed that they did not understand: what advantages would USDT play in the Tron network? What exactly is the 100 million RMB incentive plan?

Previously, Justin Sun, founder of TRON, conducted a live broadcast on a live broadcast platform to answer relevant questions about Tron ecology for community partners. Let’s look at video!

On April 25, Justin Sun, founder of TRON, tweeted that the total amount of USDT developed based on the Tron network TRC20 protocol，It has exceeded 100 million, accounting for 3.5 percent of the total amount of current USDT issuance. It is reported that the total amount of current USDT issuance is 2.8 billion. In addition, Justin said, it is hoped that the USDT distribution proportion of TRC20 version will exceed that of erc20-usdt in the second quarter. And reach 50% of the total circulation in 2019.

TRC20 version of USDT was released by Tron in cooperation with Tether. For which Tron launched an early user incentive program worth 100 million RMB. From April 30 to August 7, solstice, TRON will join hands with firecoin. And also, OKEx and other top digital asset exchanges in the world to provide free and generous interest rate rewards.It’s about in the form of trc20-based USDT token.It encouraging users to convert usdt-omni to trc20-based USDT. The incentive scheme, which runs until early August. It will give holders a daily return on the interest they earn from the airdrops. With up to a 20 per cent annual bonus.

According to Justin Sun, founder of TRON, Tron has officially reached strategic partnership with English premier league powerhouse Liverpool football club. Premier league powerhouse Liverpool football club has sent us an invitation to cooperate with TRON on a strategic basis.

Liverpool fc is an English football club located in the port city of Liverpool. merseyside in the northwest of England. It was founded on June 3, 1892. Liverpool dominated English and European football in the 1970s and 1980s. And they have won 18 top league titles, seven fa cups, eight league cups. Five champions league titles and three uefa cups.

In early march, TRON partnered with Tether to bring USDT tokens to Tron blockchain. The USDT token developed based on the TRC20 protocol can achieve interoperability with the Tron-based protocol and decentralized applications, and enable users to conduct transactions and exchanges with coin-linked currencies in the entire Tron network.

In order to let more community members know about the USDT developed based on TRC20 protocol. on April 9, 2019, TRON community members held the second USDT special meeting UP in San Francisco. Which was developed based on TRC20 protocol. More than 60 people attended the meeting. The response was enthusiastic!

On April 22, according to the latest data of TRON blockchain browser (https://tronscan.org). The total number of real-time total accounts of Tron reached 2604398, exceeding 2.6 million.

In the past six months, TRON ecological network has developed rapidly and ushered in unprecedented growth and visualization data explosion. With the development strategy of DApp constantly promoted by Tron. More and more intelligent contract developers will settle in TVM. While the Tron ecology will gradually become stronger. It will also usher in more trading volume and help the blockchain technology to truly realize the value landing.

In the future days, Tron will continue to strive for a greater breakthrough!

On March 5, Tether, announced a partnership with the Tron foundation to launch a trc-20 compliant USDT on the Tron blockchain in the second quarter of this year.

Cointelegraph believes that TRON has positioned itself as a competitor of Ethereum. Combining decentralized finance with the broader Internet ecosystem. The TRON indicates that the addition of Tether will enhance its existing Dapp ecosystem, enhance dex mobility and improve overall value.

Recently, the TRON ecology has released a new upgrade. On March 1st, Justin Sun said that the TRON officially released Odyssey-v3.5 and realized protocols such as TIP12, TIP16 and TIP17. Next, the TRON community containing SR nodes, exchange nodes, and API nodes will be upgraded to version 3.5, called the qinghai consensus upgrade.

Last year, through the wholly-owned acquisition of BitTorrent, the TRON ecological expansion took an important step. In the beginning of 2019, the BTT token based on the TRON protocol was launched. BTT opened the crowdfunding for 15 minutes and the 59.4 billion BTT dumped on the Binance Launchpad platform.

Stable coins

On the Tether side, according to Cryptocompare data, Tether currently ranks 7th in market capitalization and still holds a large share of the stable coin market. However, since last year, more and more stable coins have been pouring into the market and competition is fierce.

A paper published by John Griffin, a professor of finance at the University of Texas. and Amin Shams, a graduate student, said that the price of Bitcoin and other mainstream cryptocurrencies rose in 2017. Largely by several players such as Tether and Bitfinex. Behind the price manipulation, Tether has a crisis of confidence and the USDT has slumpped.

Then, Firecoin announced the launch of its own stable coin HUSD. According to the release, the new HUSD solution currently only supports four stable coins, but the USDT is excluded.

Under the pressure of increasing market pressure. Tether may also hope to secure its own stable coin market share by cooperating to occupy the TRON ecology.

Today, the founder of the TRON Sun Yuchen announced: the Twitter platform officially land USDT TRON chain, according to the Tron blocks the browser tronscan.org, according to contract in USDT-TRON address is: TR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t.

To thank the community members for their continued support. An award campaign will be launched on April 30. with a total of 20 million USDT based on TRC20. The campaign will last for 100 days.

On March 4, TRON partnered with Tether teda to bring USDT tokens to the Tron blockchain. Trc20-based USDT tokens can achieve interoperability with Tron-based protocols and decentralized applications. And enable users to conduct transactions and exchanges with coin-linked currencies in the entire Tron network. Currently, a number of exchanges and wallets have been supporting the trc20-based USDT tokens launched by botron and Tether. And will also support the airdrop program for USDT holders.